Huntsman Corp. recently announced the appointment of Jeanne McGovern to its board of directors, effective February 16, 2021. McGovern will serve on the Audit Committee and was designated an "audit committee financial expert" as defined by the applicable regulations of the SEC. The Huntsman board now has 11 directors, 10 of whom are independent.
McGovern retired after 35 years at Deloitte & Touche LLP, where she provided lead audit services to Fortune 500 public companies and their audit committees, as well as advisory services relating to mergers, acquisitions and divestitures, strategic business model transformation, financing transactions, and other strategic priorities. McGovern also held significant management roles in Deloitte's corporate office, including in the Office of the CEO's U.S. National Leadership Team, and as the national director for the retention and advancement of women. McGovern received her B.A. in accounting from Syracuse University and is a member of the American Institute of Certified Public Accounting and the Washington Society of Certified Public Accountants. She also has served on several not-for-profit boards, including Oak Knoll School of the Holy Child, Junior Achievement, and the National Committee on the Prevention of Child Abuse.
McGovern's appointment is part of the company's deliberate process of adding financial and accounting expertise to the board and ensuring a thoughtful leadership succession plan. Since 2018, the board has appointed five highly qualified and diverse independent directors who bring a wide breath of relevant experience, including in finance, risk, and investment management.
Huntsman also announced the formation of a new standing committee of the board, which will have review and oversight responsibilities relating to sustainability and other related corporate social responsibility and governance matters, as those matters have required increased focus and board attention in recent years. The Sustainability Committee will be chaired by Jan E. Tighe, Ph.D., and include Daniele Ferrari, Sonia Dulá, and Cynthia L. Egan as its other members.
Peter Huntsman, chairman of the board, president, and CEO, commented, "We are pleased to welcome Jeanne McGovern as the newest member of the Board and Audit Committee and very much look forward to securing the benefit of her valuable insight, guidance and 35+ years of experience and expertise. The formation of the new Sustainability Committee underscores and reaffirms Huntsman's commitment to the long-term, continued leadership and focus in sustainability, social responsibility, and creating shareholder value."
For more information about Huntsman Corp., visit www.huntsman.com.